Workers form human chain demanding opening of 16 Beximco factories
Workers form human chain demanding opening of 16 Beximco factories

Around 25,000 workers from 16 closed factories of the Beximco Group formed a human chain on the Nabinagar-Chandra highway on Tuesday, demanding the resumption of letter of credit (LC) facilities and the reopening of factories. They lined up on the Dhaka-bound lane, holding banners as part of...

50,000 Beximco workers lose jobs, living in despair
50,000 Beximco workers lose jobs, living in despair

The sudden closure of Beximco Groups factories has plunged approximately 50,000 workers into unemployment, leaving them in dire straits. This abrupt job loss has not only affected the workers but also the local landlords, service providers, and shopkeepers who depended on their patronage. In the...

Salman Active in Prison!
Salman Active in Prison!

Salman Fazlur Rahman, leader of BEXIMCO Group and former private sector advisor to Prime Minister Sheikh Hasina, is reportedly continuing to conspire against the country despite being locked up. Sources claim that Salman remains in contact with several Awami League leaders, including Sheikh Hasina,...

Receiver appointments deepen industry crisis
Receiver appointments deepen industry crisis

There are numerous precedents for appointing receivers in industrial establishments in the country in the aftermath of various events. However, unfortunately, in almost every case, the outcome has been unfavorable. Many once-established industrial groups have turned into moribund enterprises after...

No receiver appointment for Beximco Pharma
No receiver appointment for Beximco Pharma

The Appellate Division of Supreme Court on Tuesday stayed the appointment of a receiver to manage Beximco Pharmaceuticals Ltd. However, the court upheld the High Courts decision to appoint receivers for other companies within the Beximco Group. A three-judge bench led by Justice Md Ashfaqul...

Beximco's theft of over 1000 crore taka from five banks
Beximco's theft of over 1000 crore taka from five banks

Serious allegations have emerged against two companies of the Beximco Group Beximco Limited and Bextex Garments. They are accused of embezzling a staggering one thousand crore taka through transactions among five banks. In 2011, these two companies secured loan agreements totaling six hundred...